NEW YORK—JPMorgan Chase is discontinuing its Chase Liquid general-purpose reloadable prepaid card and replacing it with a checking account called Chase Secure Banking, which has many of the same features but requires the customer to open a Chase bank account.
Chase Secure Banking has the same $4.95 monthly fee as Chase Liquid.
The new account includes a Visa debit card for payments and access to 17,500 Chase-branded ATMs, access to Chase's mobile app and online banking, direct deposit, and other banking services, Digital Transactions reported.
It does not provide paper checks. Current Chase Liquid cardholders can keep their Liquid account after opening a Chase Secure Banking account, but Liquid no longer will be offered to new customers, Digital Transactions noted.